Top headlines in today’s news …
Banks and thrifts earned $57.4 billion in the third quarter, down from the same period a year earlier by only because three large banks recorded “nonrecurring events,” the federal insurer of bank deposits said Tuesday. […]
Predominantly rural counties that are less economically advantaged and have residents with lower levels of education experienced “considerable declines” in the number of bank branches closed between 2012 to 2017, according to a report issued […]
Rates in all fee schedules will fall by 10% in 2020 for the regulator of national banks, the result of what the agency said Monday is better operating efficiencies over the past few years. In […]
Addressing the effectiveness of integrated disclosures required under federal regulations for real estate transactions is the subject of an assessment to be conducted by the federal consumer financial protection agency, the agency said Wednesday. In […]
The merger between two banking giants from North Carolina and Georgia was approved by two federal banking agencies Tuesday – but it came at the cost of divestiture of branches and north of $2.4 billion […]
The Federal Reserve will continue to set monetary policy based on careful, objective and non-political analysis, the chair of the central bank told the president of the United States Monday, the Fed said. In their […]
Borrowing by businesses is historically high, with the most rapid increases in debt concentrated among the riskiest firms amid weak credit standards, the Federal Reserve reported in its latest “financial stability report” for 2019. The […]
The regulator of national banks will release its proposal next month for reforming anti-redlining regulations, but the agency likely won’t be joined by at least one of the other two federal banking agencies in the […]
The overall level of vulnerabilities facing the financial system remains at a moderate level and the core of the financial sector appears resilient – although debt loads of businesses are at all-time highs, the nation’s […]
Risks associated with agricultural debt and banks’ transition to new accounting standards for current expected credit losses (CECL) are among the top risks the regulator of national banks is watching carefully, the agency’s head said […]
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